What are the key differences between MT4 and MT5?

[AP2705]

What are the key differences between MT4 and MT5?
In regards to sending an editing orders via Algo is there any key differences to warrant an upgrade and rewrite all my strategies or is it nominal?

 

[shaileshm]

What are the key differences between MT4 and MT5?
In regards to sending an editing orders via Algo is there any key differences to warrant an upgrade and rewrite all my strategies or is it nominal?

strategies can be same but codes will be different.

 

[DanielKarimi]

strategies can be same but codes will be different.

 

[RFlash]

mt4 is better for forex while mt5 is better for ETF i think?

 

[ak476680]

As i know that MT5 cannot do hedging strategies, not sure it is right

 

[Liv]

From my personal experience, I find the MT4 much simpler to use when compared to the MT5, and the MT4 is mostly suitable for forex, whereas the MT5 is not only an Advanced version of the MT4, but it can also run stocks, CFD and other trades.

 

[sipud123]

for manual trading I think it's the same.
the default indicators are the same.